MLS Listing Realtor

Buying or Selling Calgary Real Estate

Tanja van de Kamp & Ariette van Pelt
Real Estate Professionals Inc
(403) 978-5267 | (403) 630-5190
Contact Us
MENUMENU
  • Home
  • Buy a Home in Calgary
    • Search All Homes
      • MLS Search by Detail
      • MLS Search by Map
      • Request Custom MLS Search
    • Listings By Property Type
      • Near CTrain Stations
      • Near Parks
      • Near Malls
      • Near Post-Secondary Schools
      • House Styles
      • Lake Communities
      • Condos
      • Walkout Basement
      • Mountain Views
      • New Homes for Sale
      • Handyman Specials
      • Foreclosures
      • Vacant Lots
      • Innercity R-C2 Zoned Lots
      • Rural
    • Listings by Region
      • City Centre
      • North West
      • West
      • South
      • South East
      • East
      • North East
      • North
      • Communities Near Calgary
        • Airdrie Homes for Sale
        • Chestermere Homes for Sale
        • Cochrane Homes for Sale
        • Okotoks Homes for Sale
    • Featured Listings
    • MLS Listed Last 7 Days
    • First-Time Home Buyers
    • Buying Tips
    • Member Login
  • Sell your home in Calgary
    • Sold data by community
    • Free Home Evaluation
    • Sell your home in Calgary
    • Selling Tips
  • Resources
    • Member Login
    • Open Houses in Calgary
      • City Centre Open Houses
      • East Open Houses
      • North Open Houses
      • North East Open Houses
      • North West Open Houses
      • South Open Houses
      • South East Open Houses
      • West Open Houses
    • Calgary Communities
    • What Do Homes Sell For In Calgary
    • What Do Condos Sell For In Calgary
    • First Time Home Buyers
    • Calgary Real Estate Statistics
    • Live statistics Calgary Real Estate
    • Mortgage Calculator
    • Real Estate Articles
    • Green Real Estate
      • Our Green Philosophy
      • Your Green Philosophy
      • Buying Green
      • Selling Green
  • Tanja and Ariette
    • Tanja and Ariette
    • Contact Us
    • Testimonials
    • Refer Us, Get Rewarded
    • Stroopwafel Fundraiser
    • Join Real Estate Team Calgary
    • Our Privacy Policy
  • Blog
  • Login
Home » Real estate stats July 2017

Real estate stats July 2017

July 4, 2017 By Calgary Real Estate Board CREB

Housing recovery remains a work-in-progress

Market sees modest inventory gains, but overall prices inch up

City of Calgary, August 1, 2017 – Sales exhibited stable growth through the first half of the year in the Calgary housing market, but the number of transactions slowed slightly in July compared to last year.

“Sales growth exceeded expectations so far this year.”

City-wide sales totaled 1,637 units, six per cent below July 2016 levels. Year-to- date sales activity totaled 11,957 units, nine per cent above last year.

“Sales growth exceeded expectations so far this year. Clients were re-entering the market after delaying decisions until there were some signs of economic improvement,” said CREB® president David P. Brown.

Click to view all Calgary real estate stats from July 2017

“However, this recovery will require patience. There continues to be many new and resale ownership options available. This reduces the sense of the urgency for many consumers.”

Easing sales were met with higher new listings, causing further gains in inventory levels. City-wide months of supply rose to four months, as inventory levels reached 6,675 units this month. This is 17 per cent higher than last year, but still below July highs recorded in 2008.

“Modest improvements in the labour market and net migration were necessary to support the turnaround in the housing market,” said CREB® chief economist Ann- Marie Lurie.

Driven by detached and attached housing sales, city-wide prices in July improved over the previous month and the previous year.

“However, current inventory levels and changes in the lending market continue to weigh on housing demand. Easing demand growth combined with elevated levels of supply will slow the pace of price recovery in our market.”

Driven by detached and attached housing sales, city-wide prices in July improved over the previous month and the previous year. However, it is nearly four per cent below previous monthly highs. Year-to-date benchmark averages remain 0.44 per cent below last year’s levels.

Despite the current month activity, the detached sector continues to demonstrate conditions that are more balanced compared to last year.

Apartment condominium product continues to face oversupply in the resale and new home sector, causing further price declines. In July, the apartment benchmark price was $266,200. This is a three per cent decline over last year and nearly 12 per cent below peak prices.

June 2017 real estate stats
August 2017 real estate stats

Filed Under: Calgary Real Estate Stats

Search Our Resources

Search Calgary MLS

Show more

Tools

  • Sold prices in Calgary
  • Open houses in Calgary
  • Search Calgary MLS
  • Search Calgary MLS by Map

Text us or call

(403) 978-5267 | (403) 630-5190

Real Estate Professionals

202, 5403 Crowchild Trail NW


Real Estate On-The-Go

Complete MLS listings on your phone

Send us a Message

   

    Your Name (required)

    Your Email (required)

    Your Telephone (required)

    Do you have a Realtor?
    YesNo

    Your Message

    Free Sold Report

    Request a sold report to get information on sold prices, number of days on the market, original listing prices and listing details for Calgary communities.

    Get a free report delivered to your inbox every month.

    Request a Sold Report

    Testimonials

    Matt & Kerri-Lynn

    Posted: December 14, 2016

    Tanja and Ariette are knowledgeable, persistent, and they truly fight for you. There were things they brought up that we didn’t consider, from conditions we should add to the sale, to things we should be looking for.

    Read More Testimonials

    Real Estate Resources

    • Special Assessment Condo
    • Real Estate Stats December 2020
    • Getting out of your contract with your buying realtor
    • Real Estate Stats November 2020

     

    See More Resources

    Buy a Home in CalgarySell Your Home in CalgaryTanja and ArietteContact Us
      Real Estate Professionals

    Copyright © 2021 · Tanja van de Kamp & Ariette van Pelt · All Rights Reserved
    Real Estate Professionals Inc. · 202, 5403 Crowchild Trail NW
    Powered by the MLS · Privacy Policy